Non‑major Australian banks are being given an additional three months to commence sharing of joint account data.
April 5, 2022The review will explore the extent to which implementation of the CDR drives value for consumers, increases competition, and drives innovation in data services.
February 16, 2022Action initiation functionality will be applied first in the banking sector to enable the development of new, competitive and consumer-focused payment services.
December 23, 2021The sandbox aims to help current and prospective CDR participants build and test their solutions faster, and improve accuracy and quality.
December 1, 2021The amendments allow accredited data recipients to sponsor other parties to become accredited or allow them to operate as representatives.
October 7, 2021NAB is Australia's second big four bank to become an accredited data recipient under the CDR regime, which underpins open banking.
September 22, 2021Telecommunications will be the third sector to be considered for designation after banking and energy, which were designated in 2019 and 2020.
July 27, 2021The review seeks input on whether CDR laws provide adequate data protection and how effective the Code has been in supporting consumers during Covid-19.
July 13, 2021The government will look to align New Zealand's CDR system with the Australian model, rolling it out on a sector-by-sector basis.
July 12, 2021Rule amendments include changes to reduce barriers to participate in open banking and increase participation in the CDR by data recipients and consumers.
July 7, 2021